Insurance Underwriter salary in Albuquerque, NM
Insurance Underwriters in the Albuquerque, NM metro area earn a median of $70,150 a year ($33.73 an hour), based on BLS data for 60 workers.
Pay ranges from $47,980 for the lowest-paid 10% to $106,820 for the top 10%. That is 14% lower than the national median of $81,370. Pay here is 10% higher than the New Mexico statewide median of $64,000. There are 0.15 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.22). The average (mean) salary is $75,060, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Albuquerque, NM
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,980 | $23.07 |
| 25th percentile | $48,450 | $23.29 |
| Median | $70,150 | $33.73 |
| 75th percentile | $104,510 | $50.25 |
| 90th percentile (top earners) | $106,820 | $51.36 |
| Average (mean) | $75,060 | $36.09 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,845.83 |
| Semi-monthly (24 a year) | $2,922.92 |
| Biweekly (26 a year) | $2,698.08 |
| Weekly | $1,349.04 |
| Hourly | $33.73 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
See Insurance Underwriter pay in every state or the New Mexico statewide figures.
Related jobs in Albuquerque, NM
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,880 | $38.41 |
| Loan Officer | $62,250 | $29.93 |
| Financial and Investment Analysts | $86,420 | $41.55 |
| Financial Specialists, All Other | $86,490 | $41.58 |
| Budget Analyst | $97,780 | $47.01 |
| Personal Financial Advisor | $95,990 | $46.15 |
| Property Appraisers and Assessors | $47,000 | $22.60 |
| Tax Preparer | $38,490 | $18.51 |
| Financial Examiner | $68,440 | $32.90 |
| Financial Risk Specialist | $83,190 | $40.00 |
| Tax Examiners and Collectors, and Revenue Agents | $54,950 | $26.42 |
| Credit Counselor | $52,290 | $25.14 |
| Credit Analyst | $74,880 | $36.00 |
| Business Operations Specialists, All Other | $81,070 | $38.97 |
More: Business and Financial Operations Occupations · all salaries in Albuquerque, NM
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Albuquerque, NM?
The median salary for insurance underwriters in the Albuquerque, NM metro area is $70,150 a year, or $33.73 an hour. Pay ranges from $47,980 for the lowest-paid 10% to $106,820 for the top 10%.
How much do the highest-paid insurance underwriters make in Albuquerque, NM?
The top 10% of insurance underwriters in the Albuquerque, NM metro area earn at least $106,820 a year. The top 25% earn $104,510 or more.
What is the starting pay for insurance underwriters in Albuquerque, NM?
Entry-level pay (the 10th percentile) is about $47,980 a year, and a quarter of insurance underwriters earn $48,450 or less.
How many insurance underwriters work in Albuquerque, NM?
About 60 insurance underwriters are employed in the Albuquerque, NM metro area, not counting the self-employed.